Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 13-211: (a) In this section, “terminal rental adjustment clause” means a provision in a contract permitting or requiring the rental price of a motor vehicle or trailer to - 691 - be adjusted either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle or
What this law says, in plain English
A terminal rental adjustment clause allows motor vehicle rental prices to be adjusted based on sale proceeds. Such clauses do not create a sale or security interest for vehicles not used primarily for personal purposes.
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